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2023
Flag → Flag
Exports $289MRnk 82 / 221
2023
Flag → Flag
Top Product $187MIron Ore
2023
Flag → Flag
Exports $26.1kRnk 9 / 123
2023
Flag → Flag
Top Product $208MAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag  
GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP$27.4BCURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP GROWTH-4.66%CURRENT US$
Rnk 174 / 195
2023
Flag
GDP PC $10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC$20,016CURRENT US$
Rnk 64 / 196
2013-2023
Flag
GDP PC GROWTH-6.54%CURRENT US$
Rnk 162 / 195

About

Brazil-Trinidad and Tobago Trade: In 2023, Brazil exported $289M to Trinidad and Tobago. The main products that Brazil exported to Trinidad and Tobago were Iron Ore ($187M), Iron Blocks ($13.9M), and Uncoated Paper ($5.73M). Over the past 5 years the exports of Brazil to Trinidad and Tobago have decreased at an annualized rate of 8.68%, from $456M in 2018 to $289M in 2023.

In 2023, Brazil did not export any services to Trinidad and Tobago.

Trinidad and Tobago-Brazil In N/A, Trinidad and Tobago did not export any products to Brazil.

In 2023, Trinidad and Tobago did not export any services to Brazil.

Comparison In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31),  and 22 in total exports ($355B). That same year, Trinidad and Tobago ranked 98 in total exports ($11.7B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, Brazil exported $26.1M and imported $41.9M from Trinidad and Tobago, resulting in a negative trade balance of $15.8M. Between December 2023 and December 2024 the exports of Brazil have decreased by $-6.42M (-19.7%) from $32.5M to $26.1M, while imports increased by $26.4M (170%) from $15.5M to $41.9M.

Trade In December 2024, the top exports of Brazil to Trinidad and Tobago were Iron Ore ($21.1M), Raw Sugar ($1.58M), Iron Blocks ($1.21M), Fruit Juice ($692k), and Unglazed Ceramics ($622k). In December 2024 the top imports of Brazil from Trinidad and Tobago were Ammonia ($25M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($9.97M), and Iron Pipe Fittings ($25.3k).

Origins In December 2024 the exports of Brazil were mainly from Espírito Santo ($20.7M), São Paulo ($1.78M), Rio Grande do Sul ($1.26M), Paraná ($846k), and Santa Catarina ($730k), while imports destinations were mainly Paraná ($14M), São Paulo ($12.5M), Minas Gerais ($8.48M), Bahia ($5.9M), and Rio Grande do Sul ($905k).

Growth In December 2024, the decrease in Brazil's year-by-year exports to Trinidad and Tobago was explained primarily by an decrease in product exports in Iron Blocks ($-1.89M or -61%), Raw Tobacco ($-338k or -69.6%), and Uncoated Paper ($-227k or -30.1%). In December 2024, the increase in Brazil's year-by-year imports  from Trinidad and Tobago was explained primarily by an increase in product imports  in Ammonia ($10.2M or 68.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$-6.42M(-19.7%)
IMPORT GROWTH (December 2023 - December 2024)$26.4M(170%)
MAIN EXPORTER (December 2024)Espírito Santo$20.7M

This section shows exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Brazil over time.

To check Trinidad and Tobago and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $289M to Trinidad and Tobago. The main products exported from Brazil to Trinidad and Tobago were Iron Ore ($187M), Iron Blocks ($13.9M), and Uncoated Paper ($5.73M). During the last 5 years the exports of Brazil to Trinidad and Tobago have decreased at an annualized rate of 8.68%, from $456M in 2018 to $289M in 2023.

Trinidad and Tobago does not register exports to Brazil. The main products exported from Trinidad and Tobago to Brazil were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($208M), Ammonia ($150M), and Nitrogenous Fertilizers ($25.5M).

Exports from Brazil (Flag) to Trinidad and Tobago (Flag) (2023)

Exports from Trinidad and Tobago (Flag) to Brazil (Flag) (2023)

Market Competitiveness

Color
Brazil
Top DestinationChina$106B
Trinidad and Tobago
Top DestinationUnited States$3.26B

This map shows whether countries import more from Brazil or Trinidad and Tobago. Each country is colored based on the difference in imports they receive from Brazil and Trinidad and Tobago or the difference in the growth in imports.

In 2023, countries that imported more from Brazil than Trinidad and Tobago included China ($106B), United States ($37B), and Argentina ($17.2B).

In 2023, countries that imported more from Trinidad and Tobago than Brazil included Barbados ($460M), Guyana ($625M), and Croatia ($245M).

Difference in imports from Trinidad and Tobago (Flag) and Brazil (Flag) (2023)

Comparative Advantage Brazil - Trinidad and Tobago

Flow
Scale

This chart compares trade between Brazil and Trinidad and Tobago by product, considering products traded by both, Brazil and Trinidad and Tobago.

During 2023, Brazil had a large net trade with Trinidad and Tobago in the exports of Mineral Products ($187M), Foodstuffs ($26M), and Metals ($19.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Trinidad and Tobago+$3.15MRaw Sugar
Top Product Potential Trinidad and Tobago Brazil+$49.6MPetroleum Gas

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Brazil and Trinidad and Tobago. This means that a dot/product with the flag of Brazil indicates it has a comparative advantage over Trinidad and Tobago. Similarly, a dot/product with the flag of Trinidad and Tobago indicates it has a comparative advantage over Brazil.

Product Space of Brazil (Flag) and Trinidad and Tobago (Flag) (2023)

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